maal
ActiveSummary
maal has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182k and a net result of €93k. Its solvency ranks better than 84% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+13
Growth78
Track record82
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 5.8 against 1.61 in 2024; short-term debt: 13.6% and cash: 39.8% of total assets), and 13.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.4%
Return on assets
44.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
143 d early
2024
80 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€182k▲ 105%
2024 · €89k
2024: €89k
2025: €182k▲ +105% vs 2024
2024 → 2025
Total assets
€211k▲ 47.3%
2024 · €143k
2024: €143k
2025: €211k▲ +47.3% vs 2024
2024 → 2025
Net result
€93k▲ 8.2%
2024 · €86k
2024: €86k
2025: €93k▲ +8.2% vs 2024
2024 → 2025
Working capital
€138k▲ 315%
2024 · €33k
2024: €33k
2025: €138k▲ +315% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€89k-€182k▲ 105%
2024: €89k
2025: €182k▲ +105% vs 2024
Operating result€110k-€120k▲ 8.5%
2024: €110k
2025: €120k▲ +8.5% vs 2024
Net result€86k-€93k▲ 8.2%
2024: €86k
2025: €93k▲ +8.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€44k ▼ 20.9%
Current assets
€167k ▲ 90.7%
Equity and liabilities €211k
Equity
€182k ▲ 105%
Debt
€29k ▼ 46.9%
Debt's share of the balance-sheet total falls from 37.8% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131k▲
2024 · €114k
Cash flow
€105k▲
2024 · €90k
Current ratio
5.80▲
2024 · 1.61
Debt to equity
0.16▼
2024 · 0.61
ROE
51.1%▼
2024 · 96.6%
ROA
44.1%▼
2024 · 60.1%
Interest coverage
1220.58▲
2024 · 886.15
Debt ≤ 1 year
€29k▼
2024 · €54k
Income taxes
€27k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€143k€211k▲
Fixed assets21/28€56k€44k▼
Tangible fixed assets22/27€56k€44k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€52k€41k▼
Current assets29/58€88k€167k▲
Amounts receivable within one year40/41€26k€22k▼
Trade receivables40€26k€22k▼
Other amounts receivable41€6€15▲
Current investments50/53-€60k
Cash at bank and in hand54/58€60k€84k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€143k€211k▲
Equity10/15€89k€182k▲
Contributions10/11€3k€3k=
Reserves13€86k€179k▲
Distributable reserves133€86k€179k▲
Amounts payable17/49€54k€29k▼
Amounts payable within one year42/48€54k€29k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€53k€26k▼
Taxes450/3€49k€26k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲
Other operating charges640/8€73€63▼
Gross operating margin9900€114k€132k▲
Operating profit (loss)9901€110k€120k▲
Financial income75/76B€12€331▲
Recurring financial income75€12€331▲
Financial charges65/66B€129€108▼
Recurring financial charges65€129€108▼
Profit (loss) for the period before taxes9903€110k€120k▲
Income taxes67/77€24k€27k▲
Profit (loss) for the period9904€86k€93k▲
Profit (loss) for the period to be appropriated9905€86k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€86k€93k▲
Transfer to equity691/2€86k€93k▲
To contributions691€86k€0▼
To other reserves6921-€93k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | ▲ 214% |
| Other operating charges640/8 | €73 | €63 | ▼ 13.1% |
| Gross operating margin9900 | €114k | €132k | ▲ 15.2% |
| Operating profit (loss)9901 | €110k | €120k | ▲ 8.5% |
| Financial income75/76B | €12 | €331 | ▲ 2,738% |
| Recurring financial income75 | €12 | €331 | ▲ 2,738% |
| Financial charges65/66B | €129 | €108 | ▼ 16.4% |
| Recurring financial charges65 | €129 | €108 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €110k | €120k | ▲ 8.8% |
| Income taxes67/77 | €24k | €27k | ▲ 11.0% |
| Profit (loss) for the period9904 | €86k | €93k | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €86k | €93k | ▲ 8.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €143k | €211k | ▲ 47.3% |
| Fixed assets21/28 | €56k | €44k | ▼ 20.9% |
| Tangible fixed assets22/27 | €56k | €44k | ▼ 20.9% |
| Land and buildings22 | €2k | €2k | ▼ 10.1% |
| Plant, machinery and equipment23 | €2k | €1k | ▼ 20.3% |
| Furniture and vehicles24 | €52k | €41k | ▼ 21.4% |
| Current assets29/58 | €88k | €167k | ▲ 90.7% |
| Amounts receivable within one year40/41 | €26k | €22k | ▼ 16.7% |
| Trade receivables40 | €26k | €22k | ▼ 16.7% |
| Other amounts receivable41 | €6 | €15 | ▲ 139% |
| Current investments50/53 | - | €60k | - |
| Cash at bank and in hand54/58 | €60k | €84k | ▲ 39.7% |
| Deferred charges and accrued income490/1 | €1k | €1k | ▼ 8.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €143k | €211k | ▲ 47.3% |
| Equity10/15 | €89k | €182k | ▲ 105% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €86k | €179k | ▲ 108% |
| Distributable reserves133 | €86k | €179k | ▲ 108% |
| Amounts payable17/49 | €54k | €29k | ▼ 46.9% |
| Amounts payable within one year42/48 | €54k | €29k | ▼ 46.9% |
| Trade debts44 | €1k | €1k | ▲ 18.1% |
| Suppliers440/4 | €1k | €1k | ▲ 18.1% |
| Taxes, remuneration and social security45 | €53k | €26k | ▼ 51.8% |
| Taxes450/3 | €49k | €26k | ▼ 47.9% |
| Remuneration and social security454/9 | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €86k | €93k | ▲ 8.2% |
| + Depreciation and write-downs630 | €4k | €12k | ▲ 214% |
| Operating cash flow (approximation) | €90k | €105k | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €24k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 5.80
Current ratio from 1.61 to 5.80; short-term debt falls from €54k to €29k.
31-12
Financial
Equity above €150kEq €182k ▲105%
2 profitable years in a row build equity to €182k.
12-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2024
Ground area
2,708 m²
Building footprint
129 m²
Parcel 41047A0101/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Blauwenbergstraat 93, 9320 Aalst
since 20242.356.243.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41047A0101/00D000 | Flanders | 2,708 m² | 1 · 129 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Reversity
BE 0708.895.893
Watermaal-Bosvoorde · Eq €182,346
RMM Services
BE 0757.846.449
Gent · Eq €182,342
B&G
BE 0551.870.216
Chaudfontaine · Eq €182,324
SENZUS
BE 0761.679.929
Beauvechain · Eq €182,324
D.W.E.S.A.M. ENGINEERING
BE 0899.795.259
Jette · Eq €182,379
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,603 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.